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REGISTERED NUMBER: 04510884 (England and Wales)














WEALD SERVICE STATION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






WEALD SERVICE STATION LTD (REGISTERED NUMBER: 04510884)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


WEALD SERVICE STATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: D G Sargeant





SECRETARY: Mrs G E B Sargeant





REGISTERED OFFICE: Weald View
Weald Service Station
Cranbrook Road
Goudhurst
Kent
TN17 1DP





REGISTERED NUMBER: 04510884 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

WEALD SERVICE STATION LTD (REGISTERED NUMBER: 04510884)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 234,360 239,893

CURRENT ASSETS
Stocks 23,633 17,939
Debtors 5 162,791 169,178
Cash at bank and in hand 48,917 85,653
235,341 272,770
CREDITORS
Amounts falling due within one year 6 81,443 105,653
NET CURRENT ASSETS 153,898 167,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,258

407,010

CREDITORS
Amounts falling due after more than
one year

7

(78,578

)

(94,755

)

PROVISIONS FOR LIABILITIES (5,575 ) (5,627 )
NET ASSETS 304,105 306,628

CAPITAL AND RESERVES
Called up share capital 8 215,533 215,533
Capital redemption reserve 20,000 20,000
Retained earnings 68,572 71,095
SHAREHOLDERS' FUNDS 304,105 306,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WEALD SERVICE STATION LTD (REGISTERED NUMBER: 04510884)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 March 2024 and were signed by:





D G Sargeant - Director


WEALD SERVICE STATION LTD (REGISTERED NUMBER: 04510884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Weald Service Station Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where work straddles a year end it is treated as a long term contract and income is accrued as the work progresses to reflect the partial completion of the work at the year end.

Tangible fixed assets
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold property-Nil
Improvements to property-Nil
Plant and Machinery-15% reducing balance
Fixtures and fittings-15% reducing balance
Motor vehicles-25% reducing balance
Computer- 33% On Cost

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


WEALD SERVICE STATION LTD (REGISTERED NUMBER: 04510884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2022 195,000 6,586 16,015
Additions - - -
At 31 October 2023 195,000 6,586 16,015
DEPRECIATION
At 1 November 2022 - - 14,242
Charge for year - - 266
At 31 October 2023 - - 14,508
NET BOOK VALUE
At 31 October 2023 195,000 6,586 1,507
At 31 October 2022 195,000 6,586 1,773

WEALD SERVICE STATION LTD (REGISTERED NUMBER: 04510884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 50,033 64,734 1,036 333,404
Additions - 3,250 518 3,768
At 31 October 2023 50,033 67,984 1,554 337,172
DEPRECIATION
At 1 November 2022 39,193 39,040 1,036 93,511
Charge for year 1,626 7,236 173 9,301
At 31 October 2023 40,819 46,276 1,209 102,812
NET BOOK VALUE
At 31 October 2023 9,214 21,708 345 234,360
At 31 October 2022 10,840 25,694 - 239,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,598 50,511
Other debtors 108,193 118,667
162,791 169,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,395 7,264
Finance leases 3,407 3,407
Trade creditors 33,591 62,445
Taxation and social security 36,060 30,547
Other creditors 1,990 1,990
81,443 105,653

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 66,623 79,109
Finance leases 11,955 15,646
78,578 94,755

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 66,623 79,109

WEALD SERVICE STATION LTD (REGISTERED NUMBER: 04510884)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

This is a 20 year loan with Natwest Bank to fund property improvements.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
215,533 Ordinary £1 215,533 215,533

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
D G Sargeant
Balance outstanding at start of year 77,415 85,410
Amounts advanced 77,832 65,475
Amounts repaid (85,819 ) (73,470 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,428 77,415

Included within this balance is £69,640 (2022 - £77,560) owed from D & G Sargeant which was drawn to fund personal property improvements. The loan is being gradually repaid each year by the directors.